For everyday touristy type pictures, the camera on the smartphone is more than enough. Most people are not interested in high quality RAW images that they can process, print etc. All they are interested in is a snapshot of themselves that they can use on Facebook. For this purpose the phone camera is more than capable and in some cases better than a P&S camera.

If i go to the town centre now, i see more people taking pictures with their smartphones than those using P&S cameras. Phone cameras will eventually destroy the P&S cameras but i dont see it happening with DSLRs.